Workmates Core2Cloud Makes Blockbuster Debut, Lists at 90% Premium on BSE SME

Written by: Kusum KumariUpdated on: 18 Nov 2025, 4:21 pm IST

Workmates Core2Cloud delivered a strong listing, debuting at a 90% premium to its IPO price, far above grey market expectations, reflecting robust investor demand.

Workmates Core2Cloud Solutions made an impressive debut on November 18, listing at ₹387.60 per share on the BSE SME platform, a 90% premium over its IPO price of ₹204. With this, the company’s market value crossed ₹500 crore during the opening trade.

IPO Subscription Details

The company’s ₹69.84-crore IPO received excellent investor interest. The issue, open from November 11 to 13, was subscribed to over 141 times.

Fresh issue: 29 lakh shares (₹59.34 crore)
Offer for Sale (OFS): 5 lakh shares (₹10.50 crore)
Price band: ₹200–₹204 per share
Retail investors could apply for a minimum of 600 shares, requiring a bid of ₹1,22,400 at the upper price band. Allotments were finalised on Friday.

About Workmates Core2Cloud

Workmates Core2Cloud, based in Kolkata, is a cloud-native, AI-driven modernisation and managed services firm. It is an AWS Premier Tier Services Partner, helping companies:

migrate, modernise, and manage critical workloads on the cloud,
turn data into actionable insights,
automate processes at scale,
and monitor IT infrastructure round-the-clock with strong security layers.

The company focuses on simplifying cloud complexities and supporting enterprises in building resilient, scalable, and secure digital systems.

Conclusion

Workmates Core2Cloud’s remarkable 90% premium listing highlights strong investor trust in its cloud and AI-led business model. The company’s solid IPO subscription and impressive debut signal continued enthusiasm for high-growth tech and cloud service providers in the SME segment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Nov 18, 2025, 10:51 AM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

Know More